Question

A local shoe store buys shoes at a wholesale price and then marks them up 80% to calculate the retail price. The wholesale price varies, depending on the quantity of shoes purchased. (2 points)

​
Quantity
0-20 pairs
21-40 pairs
41-60 pairs
61-80 pairs
81 or more pairs
Wholesale Price
(per pair)
$25.00 each
$23.00 each
$21.00 each
$19.00 each
$17.00 each
What is the quantity of pairs and how much are they each pair??

Answer 1

They buy at wholesale and sell at an 80% markup. The retail prices are;

0 - 20 pairs.

= 25 * 1.80

= $45.00

21 - 40 pairs

= 23 * 1.80

= $41.40

41 - 60 pairs

= 21 * 1.80

= $37.80

61 - 80 pairs

= 19 * 1.80

= $34.20

81 or more pairs

= 17 * 1.80

= $30.60